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Buildings/Key Biscayne/CASA DEL MAR CONDO

Luxury

CASA DEL MAR CONDO

881 OCEAN DR, Key Biscayne 33149

★ 4.1

2011

Year Built

236

Units

CI Score

Strong

For Sale

$2.4M

Avg Price

$1,019

Sale $/SF

For Rent

$8,500

Avg Rent

$4.95

Rent $/SF

+1.1%

YoY

For Sale

For Rent

Investor-Owned

78%

Avg HOA

$1,270/mo

Building Details

Address

881 OCEAN DR, Key Biscayne, 33149

Neighborhood

Key Biscayne

Year Built

2011

Total Units

236

Avg Unit Sqft

2,021 SF

Tier

Luxury

Avg $/SF

$1,018.67

Avg Rent

$8,500/mo

Rent $/SF

$4.95/SF

HOA Range

$1,270 – $1,270

Google Rating

4.1 (24 reviews)

Neighborhood Rank

Top 5%

Avg Unit Value

$1.6M

Total Sales (All-Time)

760

Investment Analysis

Yield Metrics

Rental Yield (annualized)10.0%

YoY Appreciation+1.1%

Total Yield46.0%

Liquidity & Demand

Closed Sales (120d)1

Days on Market6 days

Months of Inventory8.0

Sale-to-List Ratio1.0%

Price Reduction Rate0%

Investor-Owned78%

For Sale2

For Rent6

Top 5%

Neighborhood percentile

Market Data

Sale Price Trend ($/SF)

$1,019

+25.7%

Rental Price Trend ($/SF)

$5.07

+23.4%

Building Activity

Days on Market

Sales & Listings

Active Listings

For Sale (2)

$2.4M

Unit 18F

2 bd2 ba1,875 sf

$2.5M

Unit 18F

2 bd2 ba1,875 sf

$1317/SF

For Rent (6)

$2K

Unit 12

1 bd1 ba570 sf

$3/SF71 DOM

$6K

Unit L3

2 bd2 ba930 sf

$6/SF92 DOM

$8K

Unit 10D

3 bd2 ba1,875 sf

$4/SF66 DOM

$9K

Unit 24C

2 bd2 ba1,875 sf

$5/SF60 DOM

$9K

3 bd1,875 sf

$9K

3 bd1,875 sf

$5/SF131 DOM

Recent Sales

Date	Price	$/SF	Bed/Bath	SF
Feb 24, 2026	$1.9M	$1,018.67	2/2	1,875
Nov 17, 2025	$3.1M	$1,000	3/3	3,120
Nov 13, 2025	$2.0M	$1,053.33	2/2	1,875
Jun 4, 2025	$690K	$741.94	1/2	930
May 30, 2025	$690K

Units & Ownership

Total Units

236

Avg Sqft

2,021 SF

Avg Assessed

$1.4M

Owner-Occupied

22%

Tax & Ownership

Investor-Owned

78%

Owner-Occupied

22%

Avg Assessed Value

$1.4M

Avg Taxable Value

$1.4M

Effective Year Built

2011

Zoning

4900

Unit Mix

1 BR5

Avg 930 SF

2 BR178

Avg 1,724 SF

3 BR50

Avg 3,095 SF

4 BR1

Avg 3,750 SF

5 BR1

Avg 4,995 SF

Unknown1

Unit Directory

Showing 10 of 236 units

Unit	Beds	Baths	SF	Assessed	Owner	Last Sale	$/SF	Sale Date
—	—	—	—	—	—	—	—	—
3A	3	3	3,120	$1.7M	✓	$760K	$244	Apr 2004
3B	2	2	1,875	$1.1M	—	$335K	$179	May 2000
3C	2	2	1,875	$1.1M	—	$800K	$427	Dec 2019
3D	2	2	1,875	$1.1M	—	$1.7M	$907	Apr 2025
3E	2	2	1,875	$1.4M	—	$918K	$490	Feb 2021
3F	2	2	1,875	$1.1M	—	$390K	$208	Jun 2000
3G	2	2	1,875	$1.1M	—	$100K	$53	Jul 1976
3H	3	3	3,120	$991K	✓	$1.4M	$434	Jul 2010
4A	3	3	3,120	$2.6M	✓	$1.9M	$619	May 2019